Monday, March 02, 2009

Chart of the Day

UPDATE: below

I previously have shown that increased Federal spending is driven not by the war on terror but by ever-increasing entitlements, such as Social Security, Medicare and Medicaid. Is there any hope President Obama's recently proposed 2010 budget would bring change?

Simply put, no. A quick examination reveals that Obama wants to reduce defense spending, but would expand spending on the "big-3" entitlements mentioned above (which doesn't include other entitlement programs such as housing assistance, food stamps, welfare grants, etc., nor domestic spending on, say, education or the environment). Moreover, the President would significantly add to the budget deficit which--as MaxedOutMama has detailed--results in hugely increased costs of interest on the national debt for years to come. Here's a chart based on Table S-3 of Obama's budget submission:

source: NOfP chart from OMB data

The House of Eratosthenes posted a useful Venn diagram.

Power Line remembers when the liberal media opposed deficit spending--it's more acceptable now that they call it "unpaid-for government." But at least the New York Times now admits that "[e]ven if many of the Iraq war’s costs simply vanished, analysts say those savings would be too small." But, as the Wall Street Journal reminds:
The danger is that Mr. Obama may be signaling a return to the defense mistakes of the 1990s. Bill Clinton slashed defense spending to 3% of GDP in 2000, from 4.8% in 1992. We learned on 9/11 that 3% isn't nearly enough to maintain our commitments and fight a war on terror -- and President Bush spent his two terms getting back to more realistic outlays for a global superpower.

See the comparison Will Franklin posted April 2nd:

source: WILLisms

1 comment:

OBloodyHell said...

> President Bush spent his two terms getting back to more realistic outlays for a global superpower.

Well, yes, but we aren't supposed to BE a "global superpower", don't you grasp? That's "Imperial Amerikkka".

We're supposed to be the touchy-feely Ben&Jerry kind of country.

So what if that marks us as easy targets for every wolf out there? The libtards don't Get It even AFTER we got mugged on 911.

The idea that people will hate us for what we ARE, which is wealthy and productive, instead of what we DO, is irrelevant. If they hate us it MUST BE because of something we DID -- by definition.